REITs Advance in October on Encouraging Earnings

REITs posted gains in October, supported by positive third quarter earnings reports and the Federal Reserve’s decision to keep interest rates unchanged, according to market watchers.

The total returns of the FTSE/NAREIT All REIT Index rose 6.1 percent in October, while the S&P 500 Index gained 8.4 percent. The yield on the 10-year Treasury note was up 0.1 percent for the month. Through the end of October, REIT total returns for 2015 were up 1.3 percent, while the S&P 500 Index was up 2.7 percent.